(b) With respect to the ending value under the Truncated Awards, the aggregate value of the Company determined by multiplying the number of shares of Company stock outstanding immediately following the IPO multiplied by the price at which Company stock is sold in the IPO.
1.6 Compensation Committee. The Compensation Committee of the Board of Directors of the Company. Following the IPO, the Compensation Committee will satisfy the independent director requirements under applicable law.
1.7 Employer. The Company and each Affiliate of the Company with at least one employee who is a Participant.
1.8 ESOP. The Mayville Engineering Company, Inc. Employee Stock Ownership Plan, as from time to time amended and in effect.
1.9 Incentive Compensation Plan. The Mayville Engineering Company, Inc. Omnibus Incentive Compensation Plan as from time to time amended and in effect.
1.10 IPO. The Companys sale of common stock to the investing public through one or more underwriters and the consequent listing of the Companys common stock on the New York Stock Exchange.
1.11 Participant. The Chief Executive Officer of the Company and each other employee of an Employer who has been designated by the Plan Administrator as being eligible to participate in the Plan.
1.12 Performance Period. The period of three (3) calendar years [prior to January 1, 2013, two (2) calendar years] specified in the Award Agreement. The final awards issued under the Plan were issued in January, 2018 with respect to a Performance Period that began on January 1, 2018 and that, as originally granted, was scheduled to expire on December 31, 2020.
1.13 Plan or LTIP. The Mayville Engineering Company, Inc. Long-Term Incentive Plan, as set forth herein, and as amended from time to time.
1.14 Plan Administrator. With respect to periods prior to the IPO, the Compensation Committee, except as otherwise provided in Section 3.3, and with respect to periods on or after the IPO, the Compensation Committee.
1.15 Truncated Awards. The awards previously granted under the Plan that are outstanding as of the date of the IPO and for which the Performance Period associated with the Award is not complete as of the date of the IPO, i.e., the awards granted in January, 2017 for the Performance Period that began on January 1, 2017 and that was originally scheduled to end on December 31, 2019, and the awards granted in January, 2018 for the Performance Period that began on January 1, 2018 and that was originally scheduled to end on December 31, 2020.